Federal Reserve cuts rates by a quarter point amid fears of Trump takeover

The Federal Reserve dropped its benchmark lending rate by a quarter point on Thursday, cutting the federal funds rate to a 4.5%–4.75% range. This comes just days after Trump’s re-election, sending a message that the Fed isn’t fazed when it comes to managing the economy—even if the new political climate might make their job hell. […] source: https://www.cryptopolitan.com/federal-reserve-cuts-rates-by-a-quarter-point-amid-fears-of-trump-takeover/